Oil and Natural Gas Corporation Ltd
ONGC declares results for Q1 FY''27: Net Profit surges to Rs. 17,034 crore, marking a robust increase of 112%.
RESULTS
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 04 Aug 2026, 08:15 PM IST · BSE ID: 3b3f39e4-7200-4f2a-8120-745199290dbb
View Original BSE Filing (PDF)
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In Simple Terms
ONGC's standalone profit doubled in the first quarter, driven by higher revenue and oil prices, despite consolidated profit challenges.
🤖 AI Summary
- Standalone Net Profit for Q1 FY27 increased 112.3% to ₹ 17,034 crore.
- Standalone Gross Revenue for Q1 FY27 rose 45.2% to ₹ 46,460 crore.
- Crude Oil Price - Nominated Net Realization reached US$ 99.45/bbl in Q1 FY27.
- Robust capital investment program of more than ₹40,000 crore underway in Western offshore.
- Consolidated Net Profit was ₹ 6,554 crore, impacted by HPCL's net loss of ₹ 12,265 crore.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Standalone Gross Revenue
₹ 46,460 crore
45.2
Standalone Net Profit
₹ 17,034 crore
112.3
Consolidated Gross Revenue
₹ 2,04,987 crore
25.7
Consolidated Net Profit
₹ 6,554 crore
-43.3
Crude Oil Price-Nominated Net Realization
US$ 99.45/bbl
50.4
Standalone Crude Oil Production
4.452 MMT
Standalone Natural Gas Production
4.756 BCM
🏢 How This Affects the Company
The increase in standalone gross revenue and crude oil realization per barrel points to strong core upstream performance, contributing to higher profitability. Strategic projects in Western Offshore aim to reverse production decline and enhance long-term output.
Standalone net profit saw a significant increase to ₹ 17,034 crore due to higher revenue and better realizations, while consolidated net profit was reduced by a ₹ 12,265 crore net loss from HPCL.
The ongoing capital investment program of more than ₹40,000 crore in Western Offshore focuses on improving production performance and asset integrity. Exploration efforts have expanded with the spudding of a deepwater well in the Mahanadi basin under 'Samudra Manthan'.
Consolidated profitability remains exposed to downstream subsidiary performance, as demonstrated by the ₹ 12,265 crore net loss from HPCL due to under-recoveries on petroleum products.
👥 What This Means For Shareholders
✅
Action Required
No specific action required by shareholders based on this financial results filing.
👤
Who Is Affected
Shareholders are affected by the company's financial performance, with Q1 FY27 standalone net profit at ₹ 17,034 crore and consolidated net profit at ₹ 6,554 crore.
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Management Signal
Management is prioritizing significant capital investment of over ₹40,000 crore in Western Offshore and accelerating offshore exploration through 'Samudra Manthan' for long-term production growth.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q2 FY27 financial results — monitor standalone profitability and revenue trends.
Updates on Western Offshore capital projects and their impact on production.
Further developments regarding new deepwater exploration under Samudra Manthan.
MEDIUM RISK
Consolidated profitability significantly impacted by downstream subsidiary losses.
💡 Investor Takeaway
ONGC's standalone net profit increased 112.3% to ₹ 17,034 crore in Q1 FY27, alongside a 45.2% rise in standalone gross revenue to ₹ 46,460 crore. Crude oil nominated net realization improved to US$ 99.45/bbl.
⚖️ Strengths & Concerns
✅ Positives
- Standalone Net Profit for Q1 FY27 surged to ₹ 17,034 crore, marking a 112.3% increase compared to Q1 FY26.
- Standalone Gross Revenue increased by 45.2% to ₹ 46,460 crore in Q1 FY27, indicating strong top-line growth.
⚠️ Concerns
- Consolidated Net Profit for Q1 FY27 decreased 43.3% to ₹ 6,554 crore, primarily due to a ₹ 12,265 crore net loss from HPCL.
- Standalone crude oil production (ONGC Standalone) decreased to 4.452 MMT in Q1 FY27 from 4.683 MMT in Q1 FY26.
❓ Frequently Asked Questions
What was ONGC's standalone net profit in Q1 FY27?
ONGC's standalone net profit for Q1 FY27 was ₹ 17,034 crore, an increase of 112.3% from ₹ 8,024 crore in Q1 FY26.
What was ONGC's standalone gross revenue in Q1 FY27?
ONGC reported a standalone gross revenue of ₹ 46,460 crore in Q1 FY27, up 45.2% from ₹ 32,003 crore in Q1 FY26.
How did crude oil prices impact ONGC's realizations in Q1 FY27?
Crude Oil Price - Nominated Net Realization for ONGC increased by 50.4% to US$ 99.45/bbl in Q1 FY27 compared to US$ 66.13/bbl in Q1 FY26.
What was ONGC's consolidated net profit in Q1 FY27?
ONGC's consolidated net profit for Q1 FY27 was ₹ 6,554 crore, a decrease of 43.3% from ₹ 11,554 crore in Q1 FY26, largely due to HPCL's net loss of ₹ 12,265 crore.
What capital investments is ONGC undertaking?
ONGC is implementing a capital investment program of more than ₹40,000 crore in Western Offshore to unlock production growth, with benefits expected from FY 2027-28 onwards.
Questions based on this BSE filing only. For information purposes.